we never live with credit cards before. and now we have 5000$ on our credit cards that we cant close . we are doing a min paymant every month and trying to pay more than that. we will have a bonuce 7000$ at the end of the year. will it be beter to pay to credit cards at onece. or there is another way to pay credits(and put this bonus on investment).
I read about calling to creditors and talking with them, so they will give a 10-20% of if we will pay it atonce, but will it afect in bad way to our credit report.
Sorry for wrong English writing.
Will caling a creditor afect on credit report badly?
Deffinatley pay out your credit cards! Dont put your bonus in an investment, as theres pretty much a nil chance of earning more interest on your investment for such a small amount of money than you are paying for the cards. As far as im aware, you can get 'pay-out' figures that can be substantially less than what you actually owe, and it doenst affect your credit rating. However, if you havent been making payments on the cards, or if they have been send to a debt collector, your credit rating is most likely already affected.
- What happens to credit cards debts when your parent dies?
- What credit cards will my business be able to accept?
- I have several inquiries on my credit report due to fraudulent information. Is it possible to get them removed?
- Is there really such thing as a "free" credit repair services or they are just scam?
- Union workers credit services credit card?
- Did adding a free credit score site in a resource link is a violation of yahoo answers policy?
- What should I know about credit cards and are there fees i have to pay for having a credit card?
- How do balance transfer credit cards work?
- Do I have to pay a creditor if I have an account with Ovation credit services?
- I’m looking for companies that use WOTC credit (Form 8850) in their Human Resources Dept?